The Crypto Asset Act (MİCA), which was first announced by the European Union in 2020 and passed by the European Parliament in 2023, came into force on December 30. Tether’s market value fell by over 1% as it remains unclear whether the largest stablecoin USDT is compliant with MICA regulations. At this point, Tether had its biggest weekly drop since the FTX crash. This move by Tether comes after some cryptocurrency exchanges in the European…
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